Tax

Tax News & IRS Insights for Accounting Professionals

Accounting Today delivers news and analysis for accounting and tax professionals on federal and state tax developments, IRS guidance,information reporting, and operational implications for practices and clients. Our coverage focuses on legislative and procedural shifts that tax practitioners must monitor in planning, compliance, and advisory contexts.

Technology

New River Innovation Releases Latest Beyond415

New River Innovation has released Beyond415 version 2.2, the latest version of its flagship software for post-filing issues, which includes an updated interface, client gateway, expandability and additional reporting features.

May 1
Tax season

Profession Watch

A roundup of news from accounting in March and early April.

May 1
Tax practice

Too much of a good thing?

Federal and state tax amnesty programs bring in revenue, but at a price

May 1
Tax practice

Tax Strategy

Columnists Jones and Luscombe on 2012 tax planning

May 1
Tax practice

BNA Software Launches Web-Based Income Tax Planner

BNA Software, a Bloomberg BNA business, has launched BNA Income Tax Planner Web, an online version of the companys income tax software that provides several new features and lower maintenance costs.

April 30
Tax practice

Families Race to Adopt before Adoption Tax Credit Ends

Julie and Brett Redden are in a hurry for the paperwork to go through for the six-year-old girl they are planning to adopt from China.

April 30
Tax practice

Indirect Tax Increases Trend Down This Year

The number of indirect tax increases fell from 154 in the first quarter of 2011 to 107 in the first quarter of this year.

April 27

Resources

The latest Accounting Today research and discussion:

Web Seminar The most important supply for tax firms isn't found on shelves

In this webinar, we'll show you how tax and accounting professionals are leveraging new technologies to make their firms more efficient and to stay ahead of competitors.

Partner Insights from Thomson Reuters
Web Seminar The psychology of a modern tax workflow: Reducing anxiety, decision fatigue & compliance risk

In this session you'll learn practical, firm-tested principles to reduce confusion, improve predictability, and strengthen both client and staff confidence.

Partner Insights from SmartVault
On-Demand Web Seminar Tax Planning for 2027

This webinar will look at key opportunities and stumbling blocks for practitioners

Sponsored by 8am CPACharge

Tax: Key Questions & Analysis:

What IRS guidance on forms and information reporting should practitioners prioritize?

The IRS continues to update thresholds and instructions for critical tax forms. This includes changes to information reporting requirements and guidance on evolving reporting standards, affecting 1099, W-2 and similar reporting obligations.

What procedural developments affect IRS automatic change consent for method changes?

Tax professionals must understand which accounting method changes qualify for automatic consent versus advance consent. This determines whether a Form 3115 must be filed with IRS National Office or via automatic procedures.

How are tip-related tax provisions evolving under current policy?

New tax provisions related to tip income will impact how service industry clients and payroll units handle tax reporting and compliance. This includes draft schedules and withholding considerations.

What IRS guidance will shape compliance for the 2026 filing season?

Practitioners will need to understand procedural updates, forms changes, and reporting shifts that will affect compliance workflows and client expectations for the 2026 filing season. This includes the implementation timeline for new schedules and reporting requirements as well as for emerging areas such as crypto broker reporting.